Bitcoin News...

The crypto market and Bitcoin are still in an early period of development. We already witnessed a couple of huge corrections and we believe more is yet to come before the market becomes mature. During downtrends, altcoins tend to lose far more in percentage than Bitcoin; it’s rational to convert alt savings into Bitcoin to save the capital. Later, when recovery phase starts, investors will begin allocating their capital back into projects that they believe have potential.

“Some people might have lost faith or don’t see any improvement the market anytime soon, so we see ‘flight to quality.’ There might be another situation where people don’t want to lock up the losses — especially if they entered the market in December-February — and get out of the market, but instead are trying to play a safer bet and experience less volatility [by investing in Bitcoin]. It’s also the case that after such corrections, some coins never rebound. So it makes sense to wait for a better time holding your investments in Bitcoin.”

“When Bitcoin is in the bullish trend again, we expect the dominance will continue to decline because of the arrival of new coins with support from financial groups and — as already mentioned — reallocation of savings from Bitcoin back to existing projects. This process is natural. You can see that back in 2016, Bitcoin’s dominance was around 85-90 percent and basically the total market was represented by Bitcoin. But then the boom happened and lots of new projects appeared on the market, and they attracted attention from investors. Money started to flow from Bitcoin to altcoins, causing a decline in Bitcoin’s dominance."
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